Bank of Montreal plans upside booster notes tied to SPDR S&P Oil & Gas

By Susanna Moon

Chicago, June 8 – Bank of Montreal plans to price 0% upside booster notes with barrier due June 29, 2018 linked to the SPDR S&P Oil & Gas Exploration and Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund gains by more than the 17% booster, the payout at maturity will be par plus the return.

If the fund gains by up to 17% or falls by up to 10%, the payout will be par plus 17%.

If the fund falls by more than 10%, investors will be fully exposed to any losses.

BMO Capital Markets Corp. is the agent.

The notes will price on June 25 and settle on June 30.

The Cusip number is 06366RQ73.

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